Ignition Acquisition Holdings LP, a 10% owner of OPENLANE, Inc. affiliated with Apax Partners, filed a Form 4 on August 13, 2026, disclosing the sale of 8,000,000 shares of OPENLANE common stock at $34.36 per share on that same date.

Key Highlights

  • 8,000,000 shares disposed: Ignition Acquisition Holdings LP sold 8,000,000 shares of OPENLANE common stock on August 13, 2026.
  • Sale price: The shares were sold at $34.36 per share, according to the filing.
  • Remaining beneficial ownership: Following the transaction, 8,424,728 shares of common stock are reported as beneficially owned, held indirectly by the reporting person.
  • Transaction code S: The filing reports a transaction code of "S," indicating an open-market sale.
  • 10% owner relationship: All seven reporting persons are identified as 10% owners of OPENLANE, Inc. (NYSE:OPLN).
  • Apax control structure: Apax X GP Co. Limited, as investment manager of the Apax funds, controls 100% of the shares of Ignition Topco Ltd, which sits at the top of the ownership chain above Ignition Acquisition Holdings LP.

Ignition Acquisition Holdings LP Reduces OPENLANE Position via Open-Market Sale

According to the filing, Ignition Acquisition Holdings LP disposed of 8,000,000 shares of OPENLANE, Inc. common stock on August 13, 2026, at a price of $34.36 per share. The transaction is coded "S" in the filing, consistent with an open-market sale. Following this disposition, the filing reports 8,424,728 shares of common stock beneficially owned indirectly by the reporting person.

The filing identifies a multi-entity reporting group, all associated with Apax Partners, each designated as a 10% owner of OPENLANE, Inc. The chain of control, as described in the filing's footnotes, runs as follows: Ignition Acquisition Holdings GP LLC is the general partner of Ignition Acquisition Holdings LP; Ignition Parent LP is the sole member of Ignition Acquisition Holdings GP LLC; Ignition GP LLC is the general partner of Ignition Parent LP; Ignition Topco Ltd is the sole member of Ignition GP LLC; and Apax X GP Co. Limited, acting as investment manager of the Apax funds, "controls 100% of the shares of Ignition Topco Ltd." Apax Guernsey (Holdco) PCC Limited Apax X Cell is identified as the sole parent of Apax X GP Co. Limited.

The filing includes a standard disclaimer noting that each reporting person, other than Ignition Acquisition Holdings LP to the extent of its direct holdings, "disclaims beneficial ownership of such shares, except to the extent of such Reporting Person's pecuniary interest therein." The filing further states that it "shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein."

What Was Disclosed

Seven Apax-affiliated entities filed jointly to report the August 13, 2026 sale of 8,000,000 shares of OPENLANE, Inc. common stock at $34.36 per share, leaving 8,424,728 shares beneficially owned indirectly following the transaction.